Transaction in Own Shares

MANCHESTER & LONDON INVESTMENT TRUST PLC Share Buy Back Manchester & London Investment Trust plc ("the Company") announces that it hastoday bought back 20,000 Ordinary shares in the capital of the Company,representing approximately 0.09 per cent of the Ordinary capital in issue(excluding treasury shares) at an average price of 245.00 pence per Ordinaryshare. The Ordinary shares bought back will be placed in treasury, and as a result thenumber of Ordinary shares in issue, Ordinary shares held in treasury, and TotalVoting Rights attaching to the issued capital are now as follows: Number of Ordinary Shares in issue 22,457,042 Number of Ordinary Shares held in treasury 749,948 Total Voting Rights attaching to Ordinary Shares in issue 21,707,094 For enquiries:Manchester & London Investment Trust Plc - 0161 242 2899Midas Investment Management Limited - 0161 228 1709